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Drone Delivery Market: Segmented: By Package Size (< 2 Kilograms, 2 - 5 Kilograms, > 5 Kilograms), By Duration (Long Duration [>30 Minutes], Short Duration [<30 Minutes]), By Solution (Service, Software, Platform, Infrastructure), By End Use Industry (Restaurant & Food Supply, E-Commerce, Healthcare, Retail, Logistics & Transportation, Others), And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
[ 170 + Pages Research Report ] Drone Delivery Market to surpass USD 61,413.6 million by 2031 from USD 871.5 million in 2021 at a CAGR of 53.0% in the coming years, i.e., 2021-2031.
Delivery drone is a type of unmanned aerial vehicle (UAV) that transports packages, medical supplies, food, and other cargo. Typically, delivery drones are self-contained. Drone package delivery is being used by major retail and logistics organizations all over the world, like Amazon, Domino, and others, to deliver things to customers in a hassle-free and convenient manner. Furthermore, internet behemoths like Alphabet are praising it as the e-commerce future. Furthermore, prominent retailers like Walmart are experimenting with drone delivery services in order to achieve lucrative last-mile delivery and a better customer experience.
Global Drone Delivery Market is expected to project a notable CAGR of 53.0% in 2031.
Innovations like IoT, VTOL, geospatial mapping, and machine learning, which impact greater package delivery precision, are among the few reasons driving the market's growth. Furthermore, advances in drone technology will aid in the autonomous and safe delivery of packages by drones, adding to their greater use in the drone delivery ecosystem.
The <2 Kilograms Package Size Segment is expected to grow with the highest CAGR during 2021-31
On the basis of Package Size, the global Drone Delivery Market is fragmented into < 2 Kilograms, 2 – 5 Kilograms, and > 5 Kilograms. Due to an increase in demand for lightweight retail good shipments around the world, the <2-kilogram package size sector is expected to lead the drone package delivery platform market in 2022. Due to the increased demand for heavy-lift capabilities, multi-drop freight delivery systems, and the implementation of favorable drone-related legislation by governments around the world, the over 5 kg category is expected to grow significantly.
The Healthcare segment is expected to grow with the highest CAGR during 2021-31
Global Drone Delivery Market is classified on the basis of End Use Industry into Restaurant & Food Supply, E-Commerce, Healthcare, Retail, Logistics & Transportation, and Others. Due to the increased demand for medical items, pathological lab samples, vaccinations, and medical instruments in various countries, the healthcare segment is expected to have a significant market share over the projection period. In the coming years, demand for drone delivery solutions will be driven by the rise of several healthcare product delivery companies around the world, particularly for healthcare delivery services.
Extensive use of IoT in Delivery Drones
The global drone delivery market is being driven by an increase in the use of the internet of things (IoT) in drone delivery systems, the desire for speedier delivery, and a rise in carbon-free transportation solutions. However, the market's expansion is hampered by drones' restricted capacity to operate in bad weather and near high-rise buildings. On the contrary, advances in drone technology, lower consumer costs, and the inclusion of major market actors in the drone delivery ecosystem have opened up new avenues for the sector.
Increasing Penetration of E-Commerce
The desire for faster delivery has increased as e-commerce competition has grown. Furthermore, the requirement for food delivery that avoids city traffic, medical supplies during health emergencies, and disaster relief items are pushing drivers for a speedier delivery ecosystem. As a result, the worldwide drone package delivery industry is being driven by an increase in demand for speedier deliveries.
Weather Concerns for Delivery
The weather has a big impact on drone delivery. When it's very hot outside, the air density lowers, reducing the drone's lifting capacity. The same is true during the winter season, when the drone's energy capacity is substantially reduced. Both of these obstacles can be overcome with the help of modern technologies, but the weather problem is unavoidable. Building a dependable delivery system is proving difficult for businesses.
Global Drone Delivery Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. During the projection period, the drone delivery market in North America is predicted to grow at a rapid pace, with the highest CAGR. The expanding trend of online buying on e-commerce platforms, as well as favorable FAA regulations in the United States, are credited with the region's rise. Many US firms are working in the region to commercialize drone package delivery for food, pharmaceuticals, logistics, and retail applications, which will help the region thrive throughout the projected period.
Since the installation of the lockdown, the use of drone package delivery systems to transport needs such as food and medicine to consumers' houses has increased. Drone manufacturers, on the other hand, are experiencing manufacturing delays as a result of government-imposed site access restrictions and supply chain disruptions of drone components as a result of COVID-19 containment measures.
Global Drone Delivery Market is further segmented by region into:
Drone Delivery Market Segments:
| Report Attribute | Details |
| Market size value in 2021 | USD 871.5 million |
| Revenue forecast in 2031 | USD 61,413.6 million |
| Growth Rate | CAGR of 53.0% from 2021 to 2031 |
| Base year for estimation | 2020 |
| Quantitative units | Revenue in USD million and CAGR from 2021 to 2031 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Package Size, Duration, Solution, End Use Industry, and Region |
| Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Key companies profiled | Drone Delivery Canada Corp., Amazon.com Inc., Cheetah Logistics Technology, FedEx, United Parcel Service of America Inc., Boeing, Zipline, DHL International GmbH, Drone Scan, BIZZBY, and Other Prominent Players. |
Drone Delivery Market size was estimated at USD 871.5 million in 2021 and is expected to reach USD 61,413.6 million in 2031.
Drone package delivery refers to the use of drones to transport packages, food, and other items. Drone package delivery is being used by major retail and logistics organizations all over the world, like Amazon, Dominos, and others, to deliver things to customers in a hassle-free and convenient manner.
The ‘< 2 Kilograms’ segment accounted for the largest Drone Delivery Market share.
Key players in the Drone Delivery Market include Drone Delivery Canada Corp., Amazon.com Inc., Cheetah Logistics Technology, FedEx, United Parcel Service of America Inc., Boeing, Zipline, DHL International GmbH, Drone Scan, BIZZBY, and Other Prominent Players.
Drone industry growth is predicted to be fueled by rising demand for speedier delivery and increased use of IoT technology.
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